Excessive administration burden is one of the biggest challenges facing small businesses in the UK today. A recent survey of British SMEs by Sage revealed that small companies spend an average of 71 days and £35,600 on admin tasks per year. The accounting software firm’s Sweating the Small Stuff report estimated that 5.6% of all working time is lost to administration, with a total implied loss of productivity of £39.9 billion in the wider economy.
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